Yesterday
Cap big super at 10pc of ASX companies: senator
The $3.6 trillion superannuation industry’s market power means it has the capacity to “squash retail investors like bugs” – and that shouldn’t be allowed, Andrew Bragg says.
- Hannah Wootton
Super funds spend big ahead of advice reforms
As the legislation enabling them to give more financial advice languishes in Canberra, funds are moving ahead with plans to implement it anyway.
- Hannah Wootton
Why former APRA exec Geoff Summerhayes is targeting reverse mortgages
The product, shunned by major banks, lets retirees release equity from their homes to top up retirement income. Heartland wants to grow its $1.7b book.
- James Eyers
The future of financial advice is digital – and human
AI-powered apps are touted as a big part of the solution to providing affordable financial advice en masse, but winning people’s trust is a key challenge.
- Joanna Mather
This Month
AirTrunk’s bankers delay NBIOs; new DD materials on the way
AirTrunk’s sell-side advisers informed potential bidders late last week that the $600 million-a-year business is expecting to ink new client contracts in the near term.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Cbus deputy CIO and head of private markets Alex Campbell resigns
Two years after joining Cbus, Campbell was promoted to head of private markets where her remit broadened to cover $25 billion of FUM
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Dutton wants a housing election. This could get nasty
As the RBA says, there are no quick fixes to the residential property crisis. But that won’t stop Peter Dutton trying before the next election.
- Updated
- James Thomson
I’m a Zillennial. Is financial advice worth it for me?
At $4700, many young Australians would think twice about taking on a financial adviser. But are there instances when it’s worth it?
- Lucy Dean
‘I thought I had dementia’: How menopause crimps income and super
Menopause costs women as much as $60,000 in retirement savings, according to ASFA.
- Sian Powell
Atlas Arteria dodges second strike on remuneration at AGM
IFM Investors backed the toll road group’s remuneration report this year but the company has hit another setback in its attempts to raise toll fares in the US.
- Jenny Wiggins
- Opinion
- Opinion
Labor’s ‘double taxation’ in super may not be as steep as you think
A 30 per cent tax rate is unlikely to ever apply to the entirety of annual earnings for people with balances above $3 million.
- John Wasiliev
MYOB’s Slate Super sale in the offing
Street Talk understands the Flare HR-controlled fund, which put its exit plans into gear in 2022, has turned the process over to the trustee.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Super on parental leave adds $4250 to retirement balance
The government will also spend $55.6 million over four years to establish the Building Women’s Careers program.
- Sally Patten and Joanne Tran
R&D tax incentive to blow out by $2.6b
Tax breaks for companies and superannuation payments for veterans and public servants have overshot expectations, adding billions in costs to the budget.
- Joanna Mather
Eyes on Transgrid as super funds bail out of $8b infra fund UTA
Sources say Aware Super has hired Campbell Lutyens, a specialist in moving illiquid investments for institutional investors, to shop a $600 million stake.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Gold
Why superannuation funds are wrong on gold
Millions of Australians could be missing out on the benefits of gold because of a conflict of interest inherent in big super.
- Chris Brycki
Greens demand $2m threshold for super wealth tax
The Greens have a new list of demands in exchange for their support on Labor’s new tax on high balance super accounts.
- Updated
- Michelle Bowes
How the $3m super tax whack might hit property investors
Plans to tax unrealised gains on super balances have investors considering options. Here’s what calculations show about the potential impact of the tax.
- Duncan Hughes
Cabal of industry super funds, led by investors, weighed ASX takeover
The ASX is an essential piece of infrastructure, and has a quasi-monopoly position, a description that would fit Sydney Airport, for instance, which went private in a $23.6 billion takeover.
- Sarah Thompson, Kanika Sood and Emma Rapaport
KPMG opens tender process for its Future Group-run super fund
The reasons behind the tender process are unknown, but it’s reasonable to assume KMPG isn’t over the moon with its current provider.
- Sarah Thompson, Kanika Sood and Emma Rapaport
